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S-29.01 - Act respecting trust companies and savings companies

Section 118
Disposition versions

Full text
118. The committee shall make rules for the enforcement of the provisions of this chapter by the company.
The rules shall concern, in particular, the formalities governing contracts with restricted parties, the obligation of the company or restricted parties to disclose information, the protection of confidential information held by the company on its clients and the conduct of the company in cases where the interests of the company or of a legal person affiliated with it may be in conflict with that of its clients or beneficiaries.
The rules require the approval of the board of directors of the company. A copy of the rules and any amendments thereto must be transmitted to the Authority within 30 days of their approval.
The committee must see to the enforcement of the rules made by it and notify the board of directors of the company without delay of any serious breach of any of these rules.
1987, c. 95, s. 118; 2002, c. 45, s. 611; 2004, c. 37, s. 90.
118. The committee shall make rules for the enforcement of the provisions of this chapter by the company.
The rules shall concern, in particular, the formalities governing contracts with restricted parties, the obligation of the company or restricted parties to disclose information, the protection of confidential information held by the company on its clients and the conduct of the company in cases where the interests of the company or of a legal person affiliated with it may be in conflict with that of its clients or beneficiaries.
The rules require the approval of the board of directors of the company. A copy of the rules and any amendments thereto must be transmitted to the Agency within 30 days of their approval.
The committee must see to the enforcement of the rules made by it and notify the board of directors of the company without delay of any serious breach of any of these rules.
1987, c. 95, s. 118; 2002, c. 45, s. 611.
118. The committee shall make rules for the enforcement of the provisions of this chapter by the company.
The rules shall concern, in particular, the formalities governing contracts with restricted parties, the obligation of the company or restricted parties to disclose information, the protection of confidential information held by the company on its clients and the conduct of the company in cases where the interests of the company or of a legal person affiliated with it may be in conflict with that of its clients or beneficiaries.
The rules require the approval of the board of directors of the company. A copy of the rules and any amendments thereto must be transmitted to the Inspector General within 30 days of their approval.
The committee must see to the enforcement of the rules made by it and notify the board of directors of the company without delay of any serious breach of any of these rules.
1987, c. 95, s. 118.
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